Toronto Debt Solutions

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WHAT HAPPENS TO MY HOUSE IF I FILE FOR A CONSUMER PROPOSAL IN VAUGHAN? WHAT HAPPENS TO MY HOUSE IF I FILE FOR A CONSUMER PROPOSAL IN VAUGHAN? Are you a homeowner anywhere in Vaughan, like Woodbridge, Concord, Thornhill or Richmond Hill, or in Toronto or the GTA, struggling with overwhelming debt? The #1 consumer question we get at Ira Smith Trustee & Receiver Inc. is: "Will I lose my house if I file for a Consumer Proposal?" In this video, Brandon Smith, a Licensed Insolvency Trustee, breaks down exactly how the Ontario legal system protects your home during a Consumer Proposal. What you will learn in this video: ✅ The difference between Secured Debt (Mortgage) and Unsecured Debt. ✅ Why your house does NOT "vest" in a Trustee during a proposal. ✅ How home equity in the Vaughan real estate market affects your monthly payments. ✅ The truth about mortgage renewals while in a Consumer Proposal. ✅ Why a Licensed Insolvency Trustee (LIT) is your best ally to ...

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HOW DO I STOP A CRA WAGE GARNISHMENT IN ONTARIO IMMEDIATELY HOW DO I STOP A CRA WAGE GARNISHMENT IN ONTARIO IMMEDIATELY (AND LEGALLY!!)? Is the Canada Revenue Agency (CRA) garnishing your wages? In Ontario, the CRA has the power to take up to 50% of your paycheck through a "Requirement to Pay"—and they don't even need a court order to do it. In this video, Brandon Smith, Senior Vice-President at Ira Smith Trustee & Receiver Inc., explains the immediate steps you must take to protect your income and stop CRA enforcement actions today. What you will learn: ✅ Why the CRA doesn't need a court order to garnish you. ✅ The difference between a "Requirement to Pay" and a standard garnishment. ✅ How a Consumer Proposal or Bankruptcy triggers a "Stay of Proceedings." ✅ Why only a Licensed Insolvency Trustee (LIT) can legally stop the CRA. ✅ How to get your full paycheck back by the next pay cycle. At Ira Smith Trustee & Receiver Inc., we believe in ...

CRA COLLECTIONS: HOW TO STOP THEM INSTANTLY (THE LEGAL WAY) THIS BRANDON’S BLOG DROPS ON MONDAY, MAY 4, 2026, AT 12 NOON CRA COLLECTIONS: HOW TO STOP THEM INSTANTLY (THE LEGAL WAY) Are you dealing with aggressive CRA collections? If the Canada Revenue Agency is threatening to freeze your bank account, garnish your wages, or put a lien on your home, you need to know your legal rights. In this video, Brandon Smith from Ira Smith Trustee & Receiver Inc. explains why the CRA is the most powerful creditor in Canada and—more importantly—how you can legally stop them in their tracks. What you’ll learn in this video: 00:00 Introduction: Dealing with Aggressive CRA Collections 00:01:18 Why the CRA is Your Most Powerful Creditor 00:02:15 The 4 Critical Points to Remember 00:03:07 The "Requirement to Pay" & Silent Liens 00:03:49 Piercing the Corporate Veil: Business Owner Risks 00:04:30 Myths: Can You Negotiate Debt Directly with the CRA? 00:05:30 The Legal Pathway: Licensed In...

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Mortgage Default In Ontario final THIS BRANDON’S BLOG DROPS ON MONDAY, APRIL 27, 2026 AT 12 NOON MORTGAGE DEFAULT IN ONTARIO: OUR ULTIMATE GUIDE TO SURVIVE PAYMENT SHOCK TO SAVE YOUR HOME Are you facing a mortgage default in Ontario? The moment you miss a payment, the bank starts a high-speed legal clock. In this video, Brandon Smith from Ira Smith Trustee & Receiver Inc. breaks down the exact steps of the Ontario Power of Sale process and how you can protect your home equity. In Ontario, lenders rarely use "Foreclosure"—they use "Power of Sale" because it’s faster. If you’ve received a Notice of Sale or a Statement of Claim, you need to act immediately. WHAT YOU WILL LEARN: ✅ The difference between Power of Sale and Foreclosure in Ontario. ✅ The "15-Day Rule": Why your response time is critical. ✅ How a Licensed Insolvency Trustee (LIT) can help you stop the pressure. ✅ Using a Consumer Proposal to fix your cash flow and save your home. ✅ Why "S...

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HOW TO BUILD YOUR CREDIT WITH A SECURED CREDIT CARD (THE CANADIAN REBUILD STRATEGY) THIS BRANDON’S BLOG DROPS ON APRIL 20, 2026 AT 12:00 NOON HOW TO BUILD YOUR CREDIT WITH A SECURED CREDIT CARD (THE CANADIAN REBUILD STRATEGY) Are you struggling to get approved for a loan or apartment after a financial setback? In this video, Brandon Smith Senior Vice-President of Ira Smith Trustee & Receiver Inc. breaks down the most effective way of building your credit with a secured credit card specifically for the Canadian marketplace. If you have filed a Consumer Proposal or gone through Bankruptcy, your credit score has taken a hit. But you don't have to wait 6 or 7 years to start fixing it. In this video, you will learn: ✅ The "Safety Net" Strategy: How a secured credit card uses a cash deposit to bypass traditional bank rejections after insolvency. ✅ Timing Your Rebuild: Exactly when you can apply for a card following a Consumer Proposal or Bankruptcy discharge. ✅ The 30% Uti...

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VAUGHAN ONTARIO CPA BANKRUPTCY: 3 THINGS YOUR ACCOUNTANT CAN’T DO (BUT I CAN) THIS BRANDON’S BLOG DROPS ON MONDAY, APRIL 13, 2026 AT 12:00 NOON VAUGHAN ONTARIO CPA BANKRUPTCY: 3 THINGS YOUR ACCOUNTANT CAN’T DO (BUT I CAN) Are you a resident, business owner, lawyer or a CPA in Vaughan, Woodbridge or Concord, struggling with overwhelming debt? You might be searching for a "Vaughan Ontario CPA bankruptcy" expert, but there is a critical distinction you need to know before you make your next move. In this video, Brandon Smith, Senior Vice-President of Ira Smith Trustee & Receiver Inc., breaks down why a standard Chartered Professional Accountant (CPA) cannot legally file your bankruptcy or consumer proposal—and why you specifically need a Licensed Insolvency Trustee (LIT). Brandon also breaks down what a Vaughan, Ontario CPA must do if they become insolvent and must file for insolvency, regardless of whether they are in or near Vaughan Mills, the VMC, or our office at 167 Ap...

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CAN AN ONTARIO LAWYER PRACTICE LAW WHILE BANKRUPT? (LSO RULES EXPLAINED) THIS BRANDON’S BLOG DROPS ON MONDAY, APRIL 6, 2026 AT 12:00 NOON CAN AN ONTARIO LAWYER PRACTICE LAW WHILE BANKRUPT? (LSO RULES EXPLAINED) Can an Ontario lawyer continue to practice law while bankrupt? It is the #1 question we hear from legal professionals in financial distress. In this video, Brandon Smith, Licensed Insolvency Trustee and Senior Vice-President of Ira Smith Trustee & Receiver Inc., breaks down the strict Law Society of Ontario (LSO) rules regarding bankruptcy and insolvency. If you are a lawyer or paralegal in Ontario, filing for bankruptcy triggers immediate consequences under By-Law 8 and By-Law 9. We discuss: ✅ Why you MUST notify the Law Society immediately. ✅ The "Practice Restricted" status on the LSO directory. ✅ Why you lose signing authority on trust accounts. ✅ The impact on your LawPRO insurance and real estate practice. ✅ How a Consumer Proposal or Division I Proposal can...